Aviva PLC Has $48.22 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Aviva PLC grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 91.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 142,944 shares of the software maker’s stock after buying an additional 68,198 shares during the quarter. Aviva PLC’s holdings in ANSYS were worth $48,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ANSS. Nomura Asset Management Co. Ltd. raised its stake in shares of ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after acquiring an additional 1,914 shares during the last quarter. FNY Investment Advisers LLC raised its position in ANSYS by 78.7% in the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after purchasing an additional 2,659 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after buying an additional 100,042 shares in the last quarter. Oak Thistle LLC bought a new position in ANSYS in the 4th quarter valued at $255,000. Finally, Ulland Investment Advisors LLC increased its stake in shares of ANSYS by 107.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after buying an additional 1,366 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the topic of several recent research reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

ANSYS Stock Down 7.6 %

Shares of ANSYS stock opened at $286.85 on Friday. ANSYS, Inc. has a 12 month low of $285.93 and a 12 month high of $363.03. The business has a fifty day simple moving average of $330.70 and a 200 day simple moving average of $334.09. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $25.14 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. Research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.